Tdam USA Inc. Has $1.10 Million Position in FactSet Research Systems Inc. (FDS)

Tdam USA Inc. lowered its stake in shares of FactSet Research Systems Inc. (NYSE:FDS) by 6.2% during the second quarter, Holdings Channel reports. The fund owned 6,593 shares of the business services provider’s stock after selling 437 shares during the period. Tdam USA Inc.’s holdings in FactSet Research Systems were worth $1,096,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of FactSet Research Systems by 3.0% in the first quarter. Vanguard Group Inc. now owns 3,554,309 shares of the business services provider’s stock worth $586,142,000 after buying an additional 103,458 shares during the period. BlackRock Inc. raised its stake in shares of FactSet Research Systems by 12,692.2% in the first quarter. BlackRock Inc. now owns 3,151,227 shares of the business services provider’s stock worth $519,669,000 after buying an additional 3,126,593 shares during the period. Wells Fargo & Company MN raised its stake in shares of FactSet Research Systems by 4.2% in the first quarter. Wells Fargo & Company MN now owns 2,153,875 shares of the business services provider’s stock worth $355,196,000 after buying an additional 87,664 shares during the period. Wellington Management Group LLP raised its stake in shares of FactSet Research Systems by 2.0% in the first quarter. Wellington Management Group LLP now owns 1,282,438 shares of the business services provider’s stock worth $211,487,000 after buying an additional 25,295 shares during the period. Finally, State Street Corp raised its stake in shares of FactSet Research Systems by 1.9% in the first quarter. State Street Corp now owns 1,038,821 shares of the business services provider’s stock worth $171,308,000 after buying an additional 19,591 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

FactSet Research Systems Inc. (FDS) opened at 160.96 on Wednesday. FactSet Research Systems Inc. has a 12 month low of $150.95 and a 12 month high of $183.64. The stock has a 50 day moving average price of $165.39 and a 200 day moving average price of $168.30. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 18.77 and a beta of 0.95.

FactSet Research Systems (NYSE:FDS) last posted its quarterly earnings results on Tuesday, June 27th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.84 by $0.01. The firm had revenue of $312.12 million during the quarter, compared to analysts’ expectations of $314.14 million. FactSet Research Systems had a return on equity of 55.72% and a net margin of 29.02%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.64 EPS. On average, equities analysts expect that FactSet Research Systems Inc. will post $7.30 earnings per share for the current fiscal year.

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FDS has been the subject of a number of recent analyst reports. Zacks Investment Research lowered FactSet Research Systems from a “hold” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub upgraded FactSet Research Systems from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Stifel Nicolaus restated a “hold” rating and set a $163.00 price objective on shares of FactSet Research Systems in a research note on Tuesday, April 25th. Deutsche Bank AG initiated coverage on FactSet Research Systems in a research note on Wednesday, May 10th. They set a “hold” rating and a $160.00 price objective for the company. Finally, UBS AG restated a “buy” rating and set a $146.00 price objective (down previously from $150.00) on shares of FactSet Research Systems in a research note on Friday, June 9th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $166.27.

In other FactSet Research Systems news, Director Philip A. Hadley sold 43,842 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $163.87, for a total value of $7,184,388.54. Following the completion of the transaction, the director now owns 666,494 shares of the company’s stock, valued at approximately $109,218,371.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Philip A. Hadley sold 38,942 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $163.83, for a total value of $6,379,867.86. Following the completion of the transaction, the chairman now directly owns 666,494 shares of the company’s stock, valued at approximately $109,191,712.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,858 shares of company stock valued at $34,453,143. Insiders own 2.70% of the company’s stock.

About FactSet Research Systems

Factset Research Systems Inc is engaged in providing integrated financial information and big data analytical applications for the global investment community. The Company’s segments include the U.S., Europe and Asia Pacific. The U.S. segment services finance professionals, including financial institutions throughout the Americas.

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